Quantitative Researcher
Salary

Quantitative Researchers in the United States can expect to earn an average of $82K per year. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Work is enjoyable for Quantitative Researchers, who typically claim high levels of job satisfaction. Most people who answered the questionnaire are men; 64 percent of Quantitative Researchers are male. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a majority. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

Job Description for Quantitative Researcher

Quantitative researchers analyze compiled data to develop improvements to existing business models and/or develop and implement new business models. These researchers work in a variety of fields, especially in science and finance. They often collaborate with data scientists, researchers, engineers, and other experts with the shared goal of solving business challenges in a constantly changing market; these collaborative efforts are usually called a research team. Quantitative researchers are responsible for structuring and presenting the analyzed data to relevant parties within the business. Quantitative researchers generally work in an office environment in front of a computer, although work from home opportunities do exist as well (which are normally hired on a contract basis).

Educational requirements typically include an advanced degree (such as a Ph.D. or master's degree) in statistics, math, physics, engineering, economics, finance, behavioral/social science, or another relevant field. Many quantitative researchers have backgrounds in engineering, computer science, physical sciences, or mathematics. Quantitative researchers should possess excellent communication skills and the ability to participate in high-level business discussions. They must also have a strong knowledge in natural language processing, image processing, pattern recognition, and artificial intelligence, and they should be familiar with Java, C++, Fortran, Python, and Linux.

Quantitative Researcher Tasks

Identify tactics to reduce noise in data and increase rigor of analyses.

Quantitative Researcher Job Listings

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This chart shows the most popular skills for this job and what effect each skill has on pay.

Quantitative Researchers report using a pretty varied skill set on the job. Most notably, facility with Data Modeling, Object Oriented Programming (OOP), and Statistical Analysis are correlated to pay that is significantly above average, leading to increases of 25 percent, 9 percent, and 8 percent, respectively. At the other end of the pay range are skills like Research Analysis and Data Analysis. Competency in Data Analysis frequently indicates knowledge of Statistical Analysis.

Pay by Experience Level for Quantitative Researcher

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Folks with fewer than five years of experience take home $84K on average, and those who have worked for five to 10 years see a bigger median salary of $91K. Quantitative Researchers claiming one to two decades of experience make an estimated median of $91K. Average wages for folks with more than 20 years of experience come out to around $149K.